Indonesia: Electric Radiator Market 2024

Electric Radiator Market Size in Indonesia

In 2022, the Indonesian electric radiator market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Electric Radiator Production in Indonesia

In value terms, electric radiator production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Electric radiator production peaked in 2022 and is likely to see steady growth in the near future.

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Electric Radiator Exports

Exports from Indonesia

In 2022, the amount of electric radiators and convection heaters exported from Indonesia skyrocketed to X units, rising by X% against the year before. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, electric radiator exports surged to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X units), Belgium (X units) and Japan (X units) were the main destinations of electric radiator exports from Indonesia, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Japan ($X) appeared to be the largest markets for electric radiator exported from Indonesia worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per unit) and the United States ($X per unit), while the average price for exports to the UK ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Indonesia

In 2022, overseas purchases of electric radiators and convection heaters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric radiator imports soared to $X in 2022. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest electric radiator supplier to Indonesia, accounting for a X% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average electric radiator import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric radiator import price increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Canada ($X per unit), while the price for Sweden ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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